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  1. 1. The Default Risk Puzzle - Evidence from the Swedish market

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Mia-Melina Söderlind; Sara Selin; [2019]
    Nyckelord :Default risk; Altman s Z -score; Systematic risk; Fama-MacBeth two-step regression; Stockholm Exchange; Business and Economics;

    Sammanfattning : Default risk is a major source of potential losses to equity investors and the effect of default risk on stock returns have therefore been widely examined by several papers. However, whether there exists an anomalous significant relationship between default risk and stock returns is a rather unexplored subject on the Swedish market. LÄS MER